The Latest: OPEC agrees to increase oil production

4 comments. Zero upvotes. Trump Derangment.

1% increase in world oil production, huzzah

12:20 p.m.

Iran's oil minister is insisting that OPEC's place is not to take instructions from U.S. President Donald Trump but is leaving open Tehran's position on an increase in production.

3:45 p.m.

Countries in the OPEC oil cartel have agreed to a new oil output level that effectively increases production by almost 1 million barrels per day

Haha :)

The Saudi's will probably agree to increase production more than this before the 2018 elections here. Trump is really pushing hard to get oil prices down before that point.

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